2. In these Regulations, unless the context otherwise requires —
“application” means an application under regulation 4;
“application period” means the period from 1st January 2006 to 30th June 2006 (both dates inclusive);
“appropriate fee” means the fee specified in the Competition (Fees) Regulations (Rg 3) as being payable for an application;
“interim period” means the period from 1st July 2006 to the date on which the Commission notifies its decision on an application to the applicants;
“penalty” means the financial penalty that the Commission may impose under section 69 (2) (d) (iii) of the Act on any party to an agreement that infringes the section 34 prohibition;
“transitional period” means the period from 1st January 2006 to 30th June 2006 (both dates inclusive).